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Valuations Value Concepts A critical and important piece in the asset appraisal process is the selection of appropriate value concepts. Appraisal Systems, Inc. assigns special scrutiny to the purpose of the appraisal and the overall scope of the project. This diligence at the start saves valuable time and expense plus setting out clearly focused objectives. Such careful evaluation culminates at the end of the appraisal process in a document that is valuable to the client and appropriately useful to all other parties requesting the evaluation. Summary definitions of the most requested values are as follows: 
Forced Liquidation ValueThe estimated gross amount expressed in terms of money which could be typically realized from a properly advertised and conducted public sale with the seller being compelled to sell, as of a specific date, with a sense of immediacy on an as is-where is basis. Auction Value The estimated gross amount expressed in terms of money generated when assets are recovered through public competitive bidding in "as is" condition, after having been advertised in a responsible, professional manner. Orderly Liquidation Value The amount that results when assets are sold under compulsion in an "as is" condition, usually in a limited time frame in which to locate a qualified buyer. Market Value The approximated price at which the asset would change hands between a willing buyer and willing seller, neither being under any compulsion, and both buyer and seller being knowledgeable and well informed. Market Value In Place The price which the asset would bring if offered for sale on the open market. Additionally, market value in place applies to the expectation that installation has occurred and assets are currently in use and considered to be in acceptable, operable condition. Replacement Cost New The current new cost of a similar new property having the nearest equivalent utility as the property being appraisad. |
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